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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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From: Doug R6/20/2008 11:27:09 PM
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For anyone who has lost track...the ACT is currently at 12010.
It goes up 2.474242 each day.
A little slippage below has happened before. A largish bounce has always followed.
The last 2 bounces were

1/22/08 (low of 11634) to 2/4/08 (high of 12767). A bounce of 1130 pts in just 8 trading days. ACT was at 11756.

3/10/08 (low of 11731) to 5/2/08 (high of 13132). A bounce of 1400 pts in just under 2 months. ACT was at 11835.

Prior to these, the next previous bounce from the low in July 06 went from 10683 to 12361 over 7 months to Feb 07.

Doug R
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